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Option Writer MAY 2007 recommendations 4-17-07

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We are recommending the following four (4) put writes to our May recommended list

We are recommending put writes in the following issues:

APOG - APOGEE ENTERPRISES, INC., through its operating subsidiaries, is primarily engaged in the fabrication, distribution and installation of value- added glass products and window and curtainwall systems. Almost two-thirds of the Company's revenues are generated from the nonresidential construction market with the other one-third is coming from operations serving the auto glass market

CHS - CHICO'S FAS, INC. is a specialty retailer of exclusively designed, private label casual clothing and related accessories. Each store offers collections of color coordinated tops, pants, shorts, skirts, jumpsuits, dresses, vests, jackets, outerwear, socks and accessories, including leather and fabric belts, scarves, earrings, necklaces and bracelets.

ANST - Ansoft Corporation is a developer of electronic design automation software used in high technology products and industries. Ansoft's software is used by electrical engineers in the design of state of the art technology products, such as cellular phones, internet networking, satellite communications systems, computer chips and circuit boards, and electronic sensors and motors. Engineers use their software to maximize product performance, eliminate physical prototypes, and to reduce time-to-market.

ENZ - Enzo Biochem, Inc. develops, manufactures and markets health care products based on molecular biology and genetic engineering techniques, and also provides diagnostic services to the medical community. The business activities of the company are performed by one of the company's three wholly-owned subsidiaries--Enzo Diagnostics, Inc.,


We are recommending the following specific put writes:

ANST 32.70
SELL MAY 30 PUT = UZD-QF
Target Price $35.00
Potential Profit(10 x = $350.00
Initial Margin $6,890 10 (contracts)
Return on Investment 5.08%
Cost Basis in Stock = $29.65
Days to Expiration = 30
Stock goes on Watch List Price at: $31.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $30.00


ENZ $16.99
SELL MAY 15.00 PUT = ENZ-QC
Target Price $20.00
Potential Profit(10 x = $200.00

Initial Margin $3,598 10 (contracts)
Return on Investment 5.56%
Cost Basis in Stock = $14.80
Days to Expiration = 30
Stock goes on Watch List Price at: $16.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $15.00


APOG $24.40
SELL MAY 22.50 PUT = QJA-QX
Target Price $30.00
Potential Profit(10 x = $300.00

Initial Margin $5,180 10 (contracts)
Return on Investment 5.79%
Cost Basis in Stock = $22.20
Days to Expiration = 30
Stock goes on Watch List Price at: $23.50
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $22.50

CHS $27.10
SELL MAY 25 PUT = CHS-QE
Target Price $35.00
Potential Profit(10 x = $350.00
Initial Margin $5,770 10 (contracts)
Return on Investment 6.07%
Cost Basis in Stock = $24.65
Days to Expiration = 30
Stock goes on Watch List Price at: $26.00
STOP EXIT STRATEGY
Close option position if Stock CLOSES less than $25.00


IN ADDITION PLEASE CANCEL the
NAK put write as there is not enough volume and contracts being traded.

We are leaving CONN open. And BSM was closed out for $0.65

Our May WATCH list will be up as soon as the APRIL expiration closes on Friday

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